PC Jeweller Limited has announced its financial results for the quarter and half-year ended September 30, 2026. The company achieved a significant milestone by becoming debt-free ahead of schedule. For the second quarter (Q2 FY27), consolidated revenues grew by 28% to ₹1,054 crore, while net operating profit after tax (PAT) surged by 107% to ₹299 crore. The company also highlighted progress in export receivables realization and strategic retail expansion plans.
Strong Financial Performance and Debt Repayment
PC Jeweller Limited reported robust financial performance for the second quarter of fiscal year 2027 (Q2 FY27) and the first half (H1 FY27), ending September 30, 2026. A key highlight was the company achieving debt-free status by repaying all outstanding dues to its 14 consortium banks ahead of schedule. This move is expected to significantly reduce interest costs and positively impact future net profits.
Q2 FY27 Highlights
Consolidated revenues for Q2 FY27 increased by 28% year-on-year to ₹1,054 crore. The company reported a substantial rise in profitability, with net operating profit after tax (PAT) for the quarter surging by 107% to ₹299 crore, compared to ₹144 crore in the corresponding period of the previous year. Gross Profit saw a 68% increase, and Operating EBITDA grew by 74%.
First Half FY27 Performance
For the first half of FY27 (H1 FY27), consolidated revenues rose by 25% to ₹1,932 crore. The net operating profit after tax (PAT) for H1 FY27 saw a significant increase of 129% to ₹512 crore. Operating EBITDA for the half-year grew by 81%.
Strategic Initiatives and Future Outlook
In addition to financial achievements, PC Jeweller is pursuing strategic growth initiatives. These include plans to roll out up to 100 large-format showrooms across Tier I, II, and III cities within the next 12-18 months, utilizing both own and franchise models. The company is also expanding its micro-franchise network through partnerships and is developing a new jewellery brand targeting Gen-Z customers. Furthermore, PCJ Mining SARL, a subsidiary, has commenced gold mining activities in the Republic of Chad, marking a step towards backward integration.
The company also noted the receipt of remittances totalling approximately ₹142 crore from export debtors, following negotiations and resolution of issues. This marks the beginning of the realization of long-pending receivables. The company has also taken note of fines imposed by stock exchanges (BSE and NSE) amounting to ₹47,200 each for delayed submission of trading approval applications, which have been paid.
Source: BSE
